Monthly Archives: August 2014

False Forecasts and Dangerous Delusions

The celebrated optimism of traditional economic theory, which has led to economists being looked upon as Candides, who, having left this world for the cultivation of their gardens, teach that all is for the best in the best of all … Continue reading

Posted in - FEATURED POSTS -, - MOST RECENT POSTS -, Budgets, Economics, Federal Debt, Wealth and Income Inequality | Leave a comment

Inequality and Debt, Dysfunctional Forecasting, and the Discomfort Zone to the Left.

For much of the past five years readers of the political and economic news were left in little doubt that budget deficits and rising debt were the most important issue facing America. Serious people constantly issued dire warnings that the … Continue reading

Posted in - FEATURED POSTS -, - MOST RECENT POSTS -, Budgets, Economics, Taxation, Wealth and Income Inequality | Leave a comment

Inequality Suppresses Growth: A Serious Problem?

The math is easy: the federal budget over the next decade cannot be made to square without raising a lot more money. The nonpartisan Congressional Budget Office estimates that if we stay on our current path, federal debt held by the public will grow … Continue reading

Posted in - FEATURED POSTS -, - MOST RECENT POSTS -, Economics, Federal Debt, Wealth and Income Inequality | Leave a comment

Inequality Retards Growth: A”New View”?

For more than three decades, almost everyone who matters in American politics has agreed that higher taxes on the rich and increased aid to the poor have hurt economic growth. Liberals have generally viewed this as a trade-off worth making, … Continue reading

Posted in - FEATURED POSTS -, - MOST RECENT POSTS -, Decline in America, Economics, Wealth and Income Inequality | Leave a comment